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to be demand, and i think that would be positive, and then lastly the m & a cycle. talked very little m & a activity last year. i think it will pick up 2013 which will clearly benefit small cap. >> the weakest year so far has been the highest first week for m & a ever in the global economy. >> if m & a picks up -- not like m & a had a bad year in 2012. it wasn't, you know, stellar, but if m & a, vadeem, can pick up a little bit more, that can be one of the positive cat lifts leading into the end to the middle of the year. >> it's one of the most significant indicators looking for value to the economic side of the economy. just as a fun fact, the number of attractive lbo candidates in the market today is the highest since 1975 which was the advent of the high-yield bonds, so the opportunity's clearly there. if we see capital commitment, that's a huge positive for the market. >> in terms of longer term, we've got this earnings period that seems to be a challenge according to many but longer term you say it will continue to find a home in stocks? >> well, one of the key controversies of th
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